Latest news
Latest news
Deal backed by renovated center in Kansas City would be widest so far at that level
Last week EQT priced $985m of industrial paper to fund an acquisition
UK bank is selling a $548.27m issue
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David Oliner, a managing director in the commercial mortgage-backed securities group at Morgan Stanley, will leave the firm in May.
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Senior tranches of European securitisations have so far escaped systematic downgrades, with cuts to triple-A notes mostly limited to CDOs and Lehman-sponsored deals. No longer.
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In a declining economy, commercial real estate investors want long-term leases, low tenant rollover, low expense ratios and the ability to pass along increasing operating expense to tenants.
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Barclays Capital is betting that the commercial mortgage-backed securities market will outperform other sectors and has upgraded CMBS to overweight.
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German bank BayernLB is understood to be shutting down its securitization team in London and possibly the businesses in New York and Munich as well, according to market players.
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U.K. private equity firm, Terra Firma is looking to buyback notes from its €5.9 billion ($7.6 billion) German multi family commercial mortgage securitization as depressed bond prices have presented discounted buying opportunities to the market.
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More structural problems are expected to appear in the European commercial mortgage-backed securities market as unprecedented stresses continue to grip the sector.
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Bank of Scotland has tapped its Credent Limited commercial mortgage-backed securities conduit with a second issuance of three classes of notes.
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European CMBS was hit by another round of downgrades this week. All but the senior tranche of REC Plantation Place were downgraded by Fitch and the senior tranche’s outlook was revised to negative.